1. Watch for changes in your employee’s lifestyle, especially his/her spending habits.
  2. Employee attendance problems.
  3. Unusual billing addresses or payment arrangements.
  4. Excessive department or individual expenses or purchases.
  5. Frequent complaints from your suppliers or customers.
  6. Low employee morale.
  7. Missing documents/ files or documents with numerous alterations.
  8. Excessive overtime.
  9. Discrepancies in inventories or cash overages/ shortages.
  10. Close relationships between employees and vendors or customers.
  11. Understaffed accounting or auditing departments.
  12. Constant overriding of internal controls.
  13. Inadequate internal controls or policies.
  14. One person controlling both sales and receipts.
  15. Ignored employee complaints, suggestions, or comments.
  16. Large numbers of adjusting journal entries, especially at period end dates.
  17. Managers unfamiliar with warning signs.
  18. Managers overly trust employees.
  19. Management ignoring own controls and enforcement procedures.
  20. Indispensable personnel who arrive early and work late.
  21. Management unfamiliar with the actual fraud losses.

What you should do to prevent fraud?

  1. Conduct quality background checks on your potential employees.
  2. Know what your losses are and develop a tracking system to identify when and how they occur.
  3. MINIMIZE security overrides.
  4. Develop tight security controls.
  5. Conduct noticeable random spot-checks for security purposes.
  6. Conduct an external security check of your entire system, including security personnel.
  7. Hire higher quality security personnel and pay them for their quality.
  8. Train supervisors in fraud prevention.
  9. Reduce the opportunities for impulse crimes.
  10. Develop an employee hotline to report safety and fraud conditions.
  11. Investigate high risk areas.
  12. Vigorously investigate frauds and take necessary corrective action.
  13. Ensure that management is responsible for fraud prevention/ detection.

As always, at the end of our investigation you will receive an Investigative Report with the details of our findings.
To get started with us today call 1-347-990-6879

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Todos los derechos reservados. Sitio adaptado por Jamy

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